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Uriah, an Accountant, Concludes an Audit of Visual Signage Company

Question 5

Multiple Choice

Uriah, an accountant, concludes an audit of Visual Signage Company by issuing an opinion letter that states the financial statements accurately reflect Visual's financial position. Later, Uriah discovers that the opinion was based on inaccurate data. According to the court's decision in Overton v. Todman & Co., CPAs, with respect to the opinion Uriah has


A) a duty to correct.
B) a duty to correct only if Uriah was also responsible for the false data.
C) no duty to correct, but a duty to file a suit against Visual.
D) no duty to correct or file a suit.

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